Wistron Corporation (TPE: 3231)

Wistron Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	982,614	867,057	984,619	862,083	845,012	878,255
Revenue Growth (YoY)	9.13%	-11.94%	14.21%	2.02%	-3.79%	-1.27%
Cost of Revenue	901,144	798,074	914,890	810,948	798,959	836,097
Gross Profit	81,469	68,983	69,729	51,135	46,053	42,159
Selling, General & Admin	18,779	17,698	17,249	13,999	12,533	12,661
Research & Development	25,034	23,894	25,008	20,761	19,049	16,198
Operating Expenses	43,813	41,593	42,257	34,760	31,582	28,859
Operating Income	37,656	27,390	27,472	16,375	14,471	13,300
Interest Expense	-8,193	-8,757	-5,988	-1,880	-2,348	-4,811
Interest & Investment Income	3,059	2,729	2,227	1,561	2,015	2,493
Earnings From Equity Investments	767.86	764.15	776.33	117.19	447.13	339.57
Currency Exchange Gain (Loss)	-869.24	1,099	405.3	1,255	1,501	340.01
Other Non Operating Income (Expenses)	2,440	1,336	-16.21	-1,060	711.56	976.24
EBT Excluding Unusual Items	34,861	24,560	24,877	16,367	16,798	12,638
Gain (Loss) on Sale of Investments	-157.68	135.19	-176.09	2,205	4.26	179.77
Gain (Loss) on Sale of Assets	363.03	-203.54	10.22	661.74	40.27	-41.41
Asset Writedown	-622.25	-171.4	-	-	-	-
Other Unusual Items	-	-	-	0.23	2.76	-
Pretax Income	34,444	24,321	24,711	19,234	16,845	12,776
Income Tax Expense	7,952	6,055	5,693	4,506	3,937	3,050
Earnings From Continuing Operations	26,492	18,265	19,018	14,728	12,908	9,726
Minority Interest in Earnings	-11,021	-6,794	-7,855	-4,260	-4,226	-2,925
Net Income	15,471	11,472	11,162	10,468	8,682	6,801
Net Income to Common	15,471	11,472	11,162	10,468	8,682	6,801
Net Income Growth	26.70%	2.77%	6.63%	20.57%	27.66%	38.55%
Shares Outstanding (Basic)	2,842	2,810	2,783	2,782	2,802	2,830
Shares Outstanding (Diluted)	2,902	2,885	2,909	2,873	2,866	2,879
Shares Change (YoY)	0.11%	-0.84%	1.25%	0.25%	-0.46%	1.35%
EPS (Basic)	5.44	4.08	4.01	3.76	3.10	2.40
EPS (Diluted)	5.34	3.98	3.84	3.64	3.03	2.36
EPS Growth	26.49%	3.65%	5.49%	20.13%	28.39%	36.42%
Free Cash Flow	10,277	35,258	39,831	-32,032	-20,521	12,003
Free Cash Flow Per Share	3.54	12.22	13.69	-11.15	-7.16	4.17
Dividend Per Share	2.599	2.599	2.599	2.200	2.200	2.042
Dividend Growth	0.01%	0.01%	18.12%	0.01%	7.72%	36.15%
Gross Margin	8.29%	7.96%	7.08%	5.93%	5.45%	4.80%
Operating Margin	3.83%	3.16%	2.79%	1.90%	1.71%	1.51%
Profit Margin	1.57%	1.32%	1.13%	1.21%	1.03%	0.77%
Free Cash Flow Margin	1.05%	4.07%	4.05%	-3.72%	-2.43%	1.37%
EBITDA	47,148	37,985	37,466	24,400	23,384	22,430
EBITDA Margin	4.80%	4.38%	3.81%	2.83%	2.77%	2.55%
D&A For EBITDA	9,492	10,595	9,994	8,025	8,913	9,130
EBIT	37,656	27,390	27,472	16,375	14,471	13,300
EBIT Margin	3.83%	3.16%	2.79%	1.90%	1.71%	1.51%
Effective Tax Rate	23.09%	24.90%	23.04%	23.43%	23.37%	23.87%

Source: S&P Capital IQ. Standard template. Financial Sources.